e Notes Bcom

Question : Define the term 'Business Economics'. What do you mean by Business Economics?

Introduction to Business Economics Business Economics plays an important role in our daily economic life and business practises. Economic theories, economic principles, economic laws, economic equations, and economic concepts are used for decision making. On this ground students of commerce should know the importance of basic theories in actual business application. Hence the introduction of Business Economics becomes important to the students.

The aim of B.Com Business Communication Subject is to develop effective communication and listening skills in students so as to enable them to communicate confidently in inter personal communication as well as in large groups. Also to develop effective writing skills so as to enable students to write in a clear, concise, persuasive and audience centred manner.

Business Economics , also called Managerial Economics, is the application of economic theory and methodology to business. Business involves decision-making; and business economics serves as a bridge between economic theory and decision-making in the context of business. Economic theories, economic principles, economic laws, economic equations, and economic concepts are used for decision making. On this ground students of commerce should know the importance of basic theories in actual business application. Hence the introduction of Business Economics becomes important to the students. Sr. No. Units Topics 1. Introduction to Business Economics Introduction to Business Economics Definition & Meaning of Business Economics Features of Business Economics Nature & Scope of Business Economics Difference Between Economics & Business Economics Business Economics and Decision Making 2. Demand Function Introduction to Dem